Pundi X and MakerDAO launch the Crypto Merchant program in LATAM markets
Merchants will be able to receive free XPOS® devices to sell and accept Dai, Bitcoin, ETH, NPXS, and other cryptocurrencies
To increase crypto adoption and financial inclusion in Latin American countries, Pundi X and MakerDao, the creator of Dai, the world’s first decentralized stablecoin based on the Ethereum blockchain, have launched the Crypto Merchant program. Qualified merchants will receive an XPOS® device at no cost to empower their businesses with digital currency transactions.
XPOS®, the world’s first Blockchain-based point of sale mobile terminal, enables instant and seamless in-store payments and sale of Dai, Bitcoin, ETH, NPXS, and other popular cryptocurrencies. Because transaction amounts are automatically settled in Dai, which is soft-pegged to the US Dollar, merchants can process crypto transactions without worrying about volatility. The Crypto Merchant Campaign, the latest campaign resulting from the partnership between MakerDAO and Pundi X announced last year, now officially begins in Brazil. The goal of the effort is to empower more merchants to adopt crypto and popularize the use of Dai.
To apply, merchants must have a valid CNPJ (an identification number issued to Brazilian companies by the Department of Federal Revenue of Brazil) and a physical (brick and mortar) store. Photos of the store must be provided.
The selection process requires the verification of the information submitted and photos of the establishment. It is also necessary to send basic information about the merchant’s business, such as the address and its CNPJ number.
Once the information provided is verified and the application accepted, the merchant will be asked to deposit of R$100.00, which is required to begin crypto sale transactions. The crypto merchants will then be able to enjoy 2% commission on crypto transactions.
100 XPOS® terminals are avai...